we worked hard to build and conceived an idea for carmax, but we did not do it alone. we succeeded because we had intensely committed associates, healthy and flexible capital markets, good roads and bridges that let us move products rapidly, a cooperative federal, state, and local governments that helped us have clear rules of the road and plans to grow our business. as a businessman, i know president obama understands what it takes to spark economic growth. i have seen him in action. when he took office, he inherited a massive structural deficit from his republican predecessor, an economy in free fall, and most importantly for me personally, an auto industry on the verge of collapse. he president's decisive action led to rapid and successful restructuring of two of america's largest corporations, gm and chrysler. that did not to say the car companies. it helped prevent a domino effect that would have taken down everything in the auto industry, from factories that manufacture of auto parts to the dealers who sold the cars. he also launched targeted efforts that helped